GBPUSD remains in downtrend from 1.7190, the rise from 1.6657 is likely consolidation of the downtrend. Resistance is located at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.6500 area. Only a clear break above the trend line resistance will indicate that the downtrend had completed at 1.6657 already, then further rise to 1.7000 area could be seen.
